????:1????????:??????????

2?????spa????

3???8t????

4????????????

5?????????

??????,?????????CAR-T(????????????????????????T?)???????????“?????????”???????????????

CAR-T????????,?????:????,????????“???????????”??“??,??????????????”????,??????????????????????????,???

?????“????????”,????

????????? 11 ?????,??????,99.9?CAR-T??,?CAR-T???????????????1???????????????,????????????CAR-T????????????,?????????,???????120???????CAR-T??60?????????

8??,??,???CAR-T?????6???????????????????????CAR-T?“??????????????”????,?????,???????“????????”????????????????????,??????????????“??”???????????????“???????????”???????????????????,????

??????????,???????????????????????????:??????????????????“??????????”?????????????“???”?????,?????CAR-T????????“????????????????????????????”??????,?????????????????????

????????????,????????“???????”????????????????????????,????????????????????????,CAR-T???,?????

??????

??70%??????????60%?????,?????????“???????????????????”?41.3%?

??,??,????????“???????????”???????????????????????????????????,??????????????,??????“???”,???????,?????

??CAR-T??????,“?????????????????????????????????????”???????????????

??????????®(?????????????????????????)??,?????2021????????????????????,?????,???????,?????????????????

???????????“???????????”???????????????????,???????????8??,??,????/???????,?????????,????????????????????4?????????????CAR-T????

???,??,???????????29?????????????????????????,???????30?????????????????????????,???99.9???/???????~120??????????/????????CAR-T????????,???????????????????

?????4???,?????????????,???????????????????,??,??????????????????????????,????CAR-T??,?????CAR-T?????????????????????????

???,CAR-T??,??????????????“??????????”,?“??”?????,???????????CAR-T?????????,???

??????,???????,?????????

???????«??????»??????,??,???“??????????”??????????????,???“??”??????,?????????????????

????????????????????????,CAR-T?,???????:

??????,CAR-T??100?????????,???“????????”??2023???????????1.9????????????????(19.4%)?1.7?(25.3%),???????????????????????????,??“????????????”??????????????,??“???????30?????”???,???????“??????????”?

?????????????????????,??,????????????????,????,??????????????????CAR-T???????????????????,??,?????????????,???????????????????????,???????“?”?????????????????

?????

????,??????????CAR-T????????????????,???????“??,??????”???????????????????,????“?????????????????”??

?????,?????????????????????????????????????????????????????????????,?????????CAR-T??,???

????1??????????????,?????“??????”,???????,??60????

???????2024??????,?????????????????,?????????????,?????????,???????????????????????,?????????????????????????

???????:“????????,??????????????????????????????,????”

???????????????,??????,????,??????“???”,??????????????????????????,?????????????????,??????????????????????,???,??,???????,??????????????

??????,???“1+3+N”?????,?????“N”?,???????????????????,????????“N”?????????????????,????

??????,?????????????????????

??????????“???”?????,?????????????????????????,??????

??,????????,????,??,???

“????,?300?????????,????????????????CAR-T??,CAR-T???????????????????????????????,?????????,???????????,???????????‘???????????????’??????????????,????,?????????????????,??,?????????????,???????????,?;??,???????????????????????????????,???????,????????????????‘?????????????????????’?”???????

?????????“??????????”???????????????,?????????????????????,???????????????????

??,???,??????????????????????????????,????????,?????????,???50?????????????,??????????,?????????,????????????????

???????,?,?????????????,???????????????????????????????????,??????????????????????

?????????????,??,???????????,?“????”,?????,?????????????????????????????????????????????????,???????????

???,????????????????????,?????????????,????

??????????“????”,??????????,?????????????????????????

??????????????100????????CAR-T???????????????????,???????,????,???????????????,???????CAR-T?26??????????????,??,?????4??,??????????

????????“???????”,???????,??,???

“????????????100?????????????????,?????CAR-T????????????????,??,??????????,???????????????,????????????”?????????,??????????????????????,????;??????;??????????,??????????????,?????????

CAR-T??

?????????????CAR-T??????????,???????????:CAR-T???????????????CAR-T???????

???CAR-T????????,??????????,??????????????????????????,???????????CAR-T???????????????,???????????????????????????????????????????????????,?????????????????

?????????,????????????“???????????”?????????,?,???????????,?????“???”???????????,????????,?????????????????????????CAR-T?,???????????,????????

??,CAR-T????????,???DRG/DIP?????????????????????,??“???????”??????????,???????????????????“??,????????,????????????”?????????

??????????????????,“????”??????????,????????“???????????????????????????”?????????????????????????,???????CAR-T????????

“??????CAR-T???50%~70%??????????????????????”????CAR-T????????????

??,??CAR-T???????????????,??????????????,?,?????????????????CAR-T?4.3??????????,???CAR-T??????????

???,???????????,CAR-T?????????????,??,???????CAR-T??????????????

???????????CAR-T??????,??PD-1?????????????????????,CAR-T????,????,???????????????????????????,??????????,??????????????????,??,?????????????

?????????2024????3??1????CAR-T???(??????????)????,????????????????? CAR-T????11 ??,???????6????

????????“2025-2030????????(CGT)??”??,???????,????CAR-T??????,2023??????????20%,?????????????????????184?????,?????168??????????????

?????????,??,????CAR-T???“????????”???????

?,2032??CAR-T????885.2??????????????,???????“??????????????,???????”(????????????????????????????????????? ????????????:???????) ???????:?????????????????????